Earnings In Focus: June 1 (ANF)

(RTTNews) - Can the Strength in Hollister Brand & Strategic Plans Drive ANF's Q1 Results?

Abercrombie & Fitch Co. (ANF) is slated to release its first-quarter financial results before the bell today. Analysts polled by Thomson Reuters expect the company to post a loss of $0.77 per share on revenue of $696.65 million for the quarter.

Year-Ago Numbers:

* Net sales - $661.1 mln * Net loss - $61.7 mln * Loss - $0.91/Shr.

The company continues to focus on its investments in marketing, DTC, omni-channel and loyalty with a significant proportion going to enhancing the store environment and stores productivity.

FY18 Outlook

The company expects comp sales to be at low-single digits. Abercrombie & Fitch also sees net sales at low single digits, with benefits from foreign currency largely offset by the adverse impact from the loss of 2017 additional week.